secwatch.observer — SEC 8-K summary
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Issuer:     PLUG POWER INC (PLUG)
CIK:        0001093691
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001104659-24-085395
Event type: leadership
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plug Power appoints Dean Fullerton as COO with $550k salary, $275k bonus, 1M options
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- Dean Fullerton appointed as COO effective July 29, 2024; previously VP Global Engineering at Amazon.
- Annual base salary of $550,000; sign-on bonus of $275,000 with repayment terms if leaving within 2 years.
- Inducement grant of 1,000,000 stock options at $2.47 exercise price; 500,000 shares vest only if stock reaches $7.50 by April 30, 2025.
- 2024 annual bonus guaranteed at 100% of base salary ($550,000).
- Eligibility for relocation assistance and standard employee benefits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093691/000110465924085395/0001104659-24-085395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093691/000110465924085395/tm2420713d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-085395

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